Global Heavy Solvent Oils Market Growth 2025-2031

The global Heavy Solvent Oils market size is predicted to grow from US$ 399 million in 2025 to US$ 506 million in 2031; it is expected to grow at a CAGR of 4.0% from 2025 to 2031.

Heavy solvent oil refers to a category of petroleum-derived solvents with a higher boiling range, viscosity, and molecular weight compared to light solvent oils. These oils are primarily composed of heavier hydrocarbons, typically in the range of C12–C20. Due to their lower volatility, heavy solvent oils are widely used in industrial applications that require longer evaporation times, higher flash points, and better lubricating or solvency properties.

United States market for Heavy Solvent Oils is estimated to increase from US$ million in 2024 to US$ million by 2031, at a CAGR of % from 2025 through 2031.

China market for Heavy Solvent Oils is estimated to increase from US$ million in 2024 to US$ million by 2031, at a CAGR of % from 2025 through 2031.

Europe market for Heavy Solvent Oils is estimated to increase from US$ million in 2024 to US$ million by 2031, at a CAGR of % from 2025 through 2031.

Global key Heavy Solvent Oils players cover Reformchem, HHX Chemical, Gandhar Oil, Enerchem, DHC Solvent Chemie, etc. In terms of revenue, the global two largest companies occupied for a share nearly % in 2024.

LP Information, Inc. (LPI) ' newest research report, the “Heavy Solvent Oils Industry Forecast” looks at past sales and reviews total world Heavy Solvent Oils sales in 2024, providing a comprehensive analysis by region and market sector of projected Heavy Solvent Oils sales for 2025 through 2031. With Heavy Solvent Oils sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Heavy Solvent Oils industry.

This Insight Report provides a comprehensive analysis of the global Heavy Solvent Oils landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Heavy Solvent Oils portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms’ unique position in an accelerating global Heavy Solvent Oils market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Heavy Solvent Oils and breaks down the forecast by Type, by Application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Heavy Solvent Oils.

This report presents a comprehensive overview, market shares, and growth opportunities of Heavy Solvent Oils market by product type, application, key manufacturers and key regions and countries.

Segmentation by Type:
Naphthenic Solvent Oil
Paraffin Solvent Oil
Aromatic Solvent Oil
Others

Segmentation by Application:
Paints and coatings
Adhesives and sealants
Chemical
Textile

This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries

The below companies that are profiled have been selected based on inputs gathered from primary experts and analysing the company's coverage, product portfolio, its market penetration.
Reformchem
HHX Chemical
Gandhar Oil
Enerchem
DHC Solvent Chemie
Dana Lubricants Factory
Arham Petrochem
Newage Industrial Oils
ExxonMobil Corporation
Shell
TotalEnergies
SK Global Chemical
Indian Oil Corporation Limited (IOCL)
Sinopec
BASF
Sonneborn

Key Questions Addressed in this Report

What is the 10-year outlook for the global Heavy Solvent Oils market?

What factors are driving Heavy Solvent Oils market growth, globally and by region?

Which technologies are poised for the fastest growth by market and region?

How do Heavy Solvent Oils market opportunities vary by end market size?

How does Heavy Solvent Oils break out by Type, by Application?

Please note: The report will take approximately 2 business days to prepare and deliver.